Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in Iraq.
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of oil well Zubair/475 to a depth of 2,402 meters. Additionally, the company has accomplished the drilling of oil well Zubair/462, reaching a depth of 3,562 meters. These operations are part of the contract signed with the Italian company ENI to drill […]
By John Lee. DNO ASA, the Norwegian oil and gas operator, will publish its Q4 2023 operating and interim financial results on 8 February at 07:00 (CET). A videoconference call with executive management will follow at 14:00 (CET). The Company issues below an update on production and sales volumes for the quarter as well as […]
By John Lee. The South Gas Company (SGC) and Halfaya Gas Company (HGC) have signed a contract for the development and processing of gas from the Nahr Bin Umar field, with a capacity of 150 million standard cubic feet per day. Deputy Prime Minister Hayan Abdul Ghani emphasized the project's contribution to the national economy […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Untapped Gas Potential: A Turning Point in Global Energy? Iraq has potentially huge gas reserves but its failure so far to properly develop them has led to three key […]
By John Lee. The Iraqi Ministry of Oil has said that plans are under way to increase oil production, with the aim of achieving a rate of 6 million barrels per day (bpd) within five years. The statement followed a meeting attended by the Undersecretaries of the Ministry, and a number of officials from key […]
By John Lee. Iraq's Ministry of Oil has announced preliminary oil export figures for December: Total exports of crude oil: 108,056,590 barrels. Revenues from crude oil exports: $8.316 billion. Oil fields in central and southern Iraq accounted for 107,592,532 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. […]
By John Lee. Under the patronage of Oil Minister Hayyan Abdul Ghani, Basra Oil Company (BOC) organized a ceremony for the handover of the main operator role for the West Qurna 1 oilfield. The event, attended by the Ministry's Deputy for Extraction Affairs Basim Mohammed Khudair, marked the transfer of management responsibilities to China's PetroChina, […]
By John Lee. The Iraqi and Iranian ministers of oil have agreed to establish committees to expand cooperation, including committees for the development of shared border fields, investment in gas and petrochemical industries, and renewable energy. Other committees will focus on the qualification and development of refineries, joint training, and collaborative efforts in oil marketing, […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export figures for November: Total exports of crude oil: 102,975,782 barrels. Revenues from crude oil exports: $8.482 billion. Oil fields in central and southern Iraq accounted for 101,764,620 barrels of crude oil exports. Exports from Kirkuk through the port of Ceyhan have been suspended. […]
By Noam Raydan and Harry Istepanian, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. After 'green talk' at COP28, where should Iraq begin? Iraq must demonstrate how it will balance its plans to reduce emissions while increasing crude production and continuing […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. TotalEnergies Agreement Smells Filthy Recent information indicates what might be the first scandal of this agreement. The Ministry of Oil (MoO) appears to have given away and for free 31% of actual […]
By John Lee. The Iraqi Drilling Company (IDC) has completed the reclamation of two oil wells in the Khabbaz and Jambur oil fields in Kirkuk. The Khabbaz/45 well was reclaimed using the IDC 206 drilling rig as part of a nine-well reclamation project for the North Oil Company (NOC) in the Khabbaz oil field. The […]
